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2017 (12) TMI 657 - AT - Income TaxAddition on account of transfer fees and premium received from members on utilization of Transfer of Development Rights - concept of mutuality - Held that:- Issue relating to taxability of the amount of trans charges is squarely covered in favour of the assessee by the decision of Hon’ble Bombay High Court in assessee 's own case for the previous years wherein the decision of the Tribunal holding that voluntary contribution received by the assessee society from its members as transfer charges is not liable to tax on the basis of principle of mutuality was upheld by the Hon’ble Bombay High Court [2011 (7) TMI 1306 - BOMBAY HIGH COURT] following its earlier decision rendered in the case of Sind Co-operative Housing Society vs. ITO [2009 (7) TMI 15 - BOMBAY HIGH COURT ] - Decided in favour of assessee.
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